Funding arb · Price arb /

META

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −0.9% APRnext payment −$0.09 per $10,000 · paid last 24h —

Price spread now: Paradex against KuCoin−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.022% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin METAUSDTM	745.28	0.0100	pay 0.0100% / 8h	3h 39m	$1.6M	$607K	20x
Short	Paradex META-USD-PERP	745.12	0.0091	get 0.0091% / 8h	3h 39m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ParadexbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$1.81
Price spread: −0.022% → 0.000%: −$2.17
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.98
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 2 min ago	5.16 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

META on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin META-USDT	−0.0120%	8h	745.46	+0.024%	$328K	$1.1M	20x	as long as short
Nado META-PERP	−0.0025%	1h	744.86	−0.056%	$482K	$553K	20x	as long as short
Aster METAUSDT	0.0000%	8h	744.81	−0.063%	$469K	$555K	20x	as long as short
Extended META_24_5-USD	0.0000%	1h	745.05	−0.031%	$550K	$2.7M	17x	as long as short
Binance METAUSDT	0.0000%	8h	745.40	+0.016%	$28.4M	$183.1M	20x	as long as short
Bybit METAUSDT	0.0000%	8h	745.39	+0.015%	$7.5M	$14.5M	100x	as long as short
OKX META-USDT-SWAP	0.0000%	8h	745.40	+0.016%	$6.0M	$13.6M	20x	as long as short
Gate META_USDT	0.0000%	8h	745.01	−0.036%	$365K	$5.8M	100x	as long as short
Bitget METAUSDT	0.0000%	8h	745.44	+0.021%	$5.4M	$11.8M	100x	as long as short
Variational Omni META	0.0000%	8h	746.02	+0.100%	$2.4M	$3.2M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT META_USDT_Perp	0.0000%	8h	746.21	+0.124%	$12K	$453K	10x	as long as short
SunX META-USDT	0.0000%	8h	745.27	−0.001%	$792	$9.0M	20x	as long as short
Deribit META_USDC-PERPETUAL	0.0000%	1h	744.75	−0.071%	$31K	$246K	10x	as long as short
HTX META-USDT	0.0000%	8h	745.19	−0.012%	$106K	$302K	30x	as long as short
Phemex METAUSDT	0.0000%	4h	745.40	+0.016%	$2.0M	$8K	10x	as long as short
Lighter RH META	+0.0032%	1h	745.41	+0.017%	$782K	$2.9M	20x	as long as short
Arcus META-USD	+0.0040%	1h	745.33	+0.007%	$111K	$330K	10x	as long as short
Vest META-USD-PERP	+0.0046%	1h	745.48	+0.027%	—	$10K	25x	as long as short
Popdex METAUSDT	+0.0048%	1h	745.45	+0.023%	$179K	$199K	20x	as long as short
Polymarket Perps META-USD	+0.0050%	1h	744.92	−0.048%	$586K	$565K	10x	as long as short
SoDEX META-USD	+0.0050%	1h	745.34	+0.008%	$25K	$3K	10x	as long as short
Ondo Perps META-USD.P	+0.0050%	1h	744.64	−0.086%	$786K	$4.6M	10x	as long as short
QFEX META-USD	+0.0058%	1h	745.21	−0.009%	$2.2M	$13.7M	10x	as long as short
Aftermath Perps METAUSD	+0.0085%	1h	746.03	+0.100%	$52K	$82K	10x	as long as short
Paradex META-USD-PERPshort	+0.0091%	8h	745.12	−0.022%	—	—	5x
KuCoin METAUSDTMlong	+0.0100%	8h	745.28	long leg	$1.6M	$607K	20x
ApeX Omni METAUSDT	+0.0100%	1h	745.30	+0.003%	$167K	$71K	50x	as long as short
Orderly PERP_META_USDC_mythos	+0.0100%	8h	745.30	+0.003%	$1K	$24	10x	as long as short
Aevo META-PERP	+0.0104%	1h	745.17	−0.015%	$268	—	10x	as long as short
Coinbase International META-PERP-INTX	+0.0128%	1h	745.74	+0.062%	$621K	$7.4M	10x	as long as short
Injective META/USDC PERP	+0.0220%	1h	744.99	−0.039%	$172K	$48K	30x	as long as short
Lighter META	+0.0232%	1h	745.36	+0.011%	$864K	$2.4M	20x	as long as short
Hotstuff META-PERP	+0.0248%	1h	745.38	+0.013%	$33K	$105	20x	as long as short
tradeXYZ xyz:META	+0.0342%	1h	745.65	+0.050%	$70.3M	$121.1M	20x	as long as short
edgeX METAUSDC	+0.0482%	4h	746.22	+0.126%	$62K	$337K	10x	as long as short
Phoenix META	+0.0633%	1h	746.93	+0.221%	$781K	$1.4M	20x	as long as short